The Washington Post reports on a new mobile app from PNC that allows customers to deposit checks on the go -- no paper required.
Financial institutions are intrigued by the possibility of steering more customers to self-service channels and away from pricey branch operations. Yet many have shied away from mobile deposit out of security concerns. Industry insiders say continued advances and growing customer demand are now driving more institutions toward adoption.
Pittsburgh-based PNC initially offered mobile deposit in April to its customers who had signed up for Virtual Wallet, an interactive financial management tool. All consumer and small-business customers can now use the deposit service free of charge.
Original source: The Washington PostRead the full story here.